re: Ann: Penumbra Mine Update On Budget And O... whilst its good...

re: Ann: Penumbra Mine Update On Budget And O... whilst its good to get an update and see progress i just dont see any production this year. ( not on these figures )

Currently the Penumbra Coal Project is 38.2% complete with a total forecast cost to complete of ZAR328m (approx. A$38.5m), and is substantially on budget.
PROJECT SCHEDULE (As at 22 June 2012)
% Complete
Engineering
78.3%
Procurement
49.9%
Manufacture and Delivery
10.6%
Construction
31.9%
Mining
23.9%
Overall Project
38.2%